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Survivorship InsuranceSurvivorship Insurance

Looking beyond estate taxes

Richard Olewnik, Member

August 27, 2015

13 Min Read
Survivorship Insurance

Survivorship life insurance (SLI) is a product that’s often overlooked for legacy, retirement and business planning needs, perhaps because it’s more commonly associated with estate taxes. With the estate and gift tax exemption now increased for individuals to $5.43 million in 2015, many clients no longer have an estate tax planning need. However, the benefits of SLI over individual policies can still be valuable.

SLI can be an effective vehicle in helping to maximize the legacy that a couple leaves for their family. A legacy planning need can present itself in different ways. The indications of a legacy planning opportunity for couples can be subtle—and oftentimes missed. Some instances in which clients might consider a legacy planning op...

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About the Author

Richard Olewnik

Member, Southport Compass

Richard Olewnik is an attorney and member of Southport Compass in Southport, Conn.